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October 19, 2021
 
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National

 

Insurance Agency M&As Up 13% Thus Far in 2021: Optis

There were 553 announced insurance agency mergers and acquisitions during the first three quarters of 2021, up from 490 in 2020,...
 

Out-of-Practice Airline Pilots Are Looking Error-Prone

Back in the cockpit after time off recovering from Covid-19, an airline pilot forgot to start his plane's second engine for takeoff, a...
 

Treasury Report Offers Insight Into Surge in Ransomware Activity in 2021

There was $590 million in suspicious activity related to ransomware in the first six months of 2021, exceeding the entire amount in 2020,...
 

U.S. Auto Safety Agency Faces Backlog of Rules and Missed Deadlines

After their 16-year-old daughter died in a car crash, David and Wendy Mills wondered whether she would be alive if federal rules on rear...
 

Whoa! Horse Riding Is Riskier Than Football, Auto Racing or Skiing?

The risk of an injury is higher for horse riding than for other potentially risky sporting activities, such as football, motor racing or...
 

Higher Investment Returns Help Offset Catastrophe, Auto Losses for Travelers in Q3

Third quarter profit fell 20% at The Travelers Companies due to higher catastrophe and auto losses but the insurer also reported a 15%...
 

MGAs Can Build Broker Relationships - Even in a Hard Market: Aston Lark's CEO

How can managing general agents build broker relationships during a hardening market when insurers have much less incentive to provide...
 

In Changing Housing Market, Home Insurers Struggle with Customer Loyalty: Study

Home insurers have struggled to develop products and services designed to maximize customer lifetime value for the growing population of...
 

Not Your Grandpas MGA Competition Heats Up in Digital Insurance

For nearly 150 years, managing general agencies have been an important sales and distribution arm of the U.S. insurance...
 
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East

 

New York Directs Two Cryptocurrency Lending Platforms to Cease Activity

Two cryptocurrency lending platforms were asked to cease activities in New York by the state's attorney general on Monday and three other...
 

People Moves: New Hires at Maryland Insurance Administration, Mosaic, New Dawn Risk

Floyd Named Director of Fiscal Services for Maryland Insurance Administration Maryland Insurance Commissioner Kathleen A. Birrane named...
 

The Hilb Group Acquires Connecticut's Gerardi Insurance Services

The Hilb Group acquired Connecticut-based Gerardi Insurance Services Inc., increasing its New England footprint. The transaction became...
 
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Midwest

 

People Moves: Jeffrey White joins Holmes Murphy; GCG Financial hires Pauline Sobelman

Jeffrey Austin White joins Holmes Murphy Jeffrey Austin White has joined Holmes Murphy as its Chief Analytics Officer (CAO), bringing his...
 

Brown & Brown Acquires Wisconsin's Remedy Analytics

Brown & Brown, Inc. has acquired all of the stock of Remedy Analytics. Founded in 2011 by current chief executive officer, Scott L....
 

Enbridge Fails to Meet Minnesota Aquifer Cleanup Deadline

Enbridge has failed to meet a deadline set by the Minnesota Department of Natural Resources for cleaning up a site where an aquifer...
 

JAB to Acquire Chicago's Figo Pet Insurance

Independence Pet Holdings (IHC), the U.S. pet insurance platform for JAB Holding Co., a German conglomerate based in Luxembourg, is...
 
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Southeast

 

Citizens' CEO: Florida Insurers Swimming in a Sea of Red Ink; Capital Drying Up

It's not just a few Florida property insurance companies that are running into financial trouble. Almost every carrier is losing money in...
 

Citizens Insurance Property Inspections To Soar in Next 4 Years

As part of its effort to reduce its ballooning exposure level and trim the number of policyholders, Florida's insurer of last resort will...
 

Alabama Ups Fees for Captives, Adopts New Valuation Manual

The Alabama Department of Insurance has set new fees for captive insurers and has adopted a new valuation manual. The department...
 

People Moves: Herman Named Alabama's Insurance Fraud Bureau Director

A veteran police officer and fire investigator has been named director of the state's Insurance Fraud Bureau and assistant state fire...
 
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Insurance Jobs

 

Regional Marketing Director – Business Development - Deans & Homer - California

 

Regional Account Manager - Northwest - Temporary Accommodations - Location: Based in Seattle or Portland (travel expectations 50% - 60%)

 

Experienced Non Standard Auto Insurance Claims Adjuster -Remote Position - American Freedom Insurance Company - Remote

 

Business Development Executive - Rhode Island (REMOTE) - Main Street America Insurance - Rhode Island (Remote)

 

Farmers Insurance Agency - Farmers Insurance - Ashland, Oregon

 
 
 

South Central

 

Houston Doc Found Guilty of Illegally Prescribing More Than 1.3M Doses of Opioids

A federal jury convicted a Houston-area physician for unlawfully prescribing more than 1.3 million doses of opioids, the U.S. Attorney's...
 

One80 Acquires Louisiana's Equity Partners Insurance Services

Boston-based One80 Intermediaries (One80), a national wholesale broker, program manager, third-party administrator (TPA), warranty and...
 

Business Groups Rally Against, Block Texas Bill to Ban COVID-19 Vaccine Mandates

Bills intended to block any Texas entity, including hospitals and private businesses, from mandating COVID-19 vaccines for employees...
 
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West

 

People Moves: Crest in Arizona Names Pallesen Vice President; Bender in California Adds Pazar

Crest Insurance Group of Tucson, Ariz., named Russell Pallesen vice president of commercial sales. Russell has previously been a branch...
 

Southern California Wildfire Almost Fully Contained, Residents Go Home

Residents who fled the Alisal Fire west of Santa Barbara have been allowed to return home. All evacuation orders and warnings were...
 

Feds Release Report Aimed at Alaska Aviation Safety

A federal report aimed at improving aviation safety in Alaska recommends improvements in providing weather information to pilots and...
 

Pandemic Underscores Need to Diversify Tahoe's Tourist Economy

The COVID-19 pandemic helped expose the growing vulnerability of Lake Tahoe's increasingly tourism-dependent economy as housing costs...
 
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International & Reinsurance

 

Beazley Launches First ESG Syndicate at Lloyd's

Specialist insurer Beazley has received in-principle approval from Lloyd's to launch Syndicate 4321 from Jan. 1, 2022. Once fully...
 

Amazon Appeals Record $865M Fine for Violation of EU Data Protection Rules

Amazon.com Inc. appealed a record 746 million-euro ($865 million) penalty for allegedly violating the European Union's tough...
 

Arthur J. Gallagher & Co. Buys New Zealand's Matt Jensen Insurance Brokers

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Taupo, New Zealand-based Matt Jensen...
 

Beazley's Cyber Defense Specialist, Lodestone Security, Opens London Office

Lodestone Security, a Beazley subsidiary and leader in cyber defense and incident response in the U.S., is expanding its global reach by...
 

People Moves: D&O MGA Tegron Names Tokio Marine's Shergill Sr U/W; AXIS Financial Institutions Hires 3 for London Team; Aon Re's Russell Is Casualty Treaty U/W at Atrium

D&O Insurer Tegron Names Tokio Marine's Shergill as Senior U/W Tegron Specialty, the Beat Capital backed D&O underwriting specialist,...
 

FWD Group's $2 Billion Insurance IPO Stalls in U.S.: Sources

Billionaire Richard Li's U.S. initial public offering of his Asian insurance group, FWD Group Holdings Ltd., is stalling amid regulators'...
 

Gallagher Completes Acquisition of India's Edelweiss Gallagher Insurance Brokers

Arthur J. Gallagher & Co., the Rolling Meadow, Ill.-based broker, announced it has completed its acquisition of Mumbai, India-based...
 
More International & Reinsurance News »
 
 

Research and Webinars

 
research

Reducing Workers' Compensation Risks in the Construction Industry

With increased demand for new homes and building materials, the industry faces challenges finding skilled workers to do the job....
 
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Discover Your Opportunity to Enhance Policyholder Experience

Your response to a client's disaster is the key to customer satisfaction, retention, and referrals. Insurance providers need a...
 
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6 Ways to Launch a Winning Digital Experience

Technology innovation has been shaping the way clients and staff expect businesses to behave for years, but it's important now...
 
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Rethink Your Agency Operations – 5 Levers for More Business Growth & Profitability

ReSource Pro offers five in-demand solutions for more unique business growth and profitability: Growth Solutions Policy...
 
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Mobile Telematics: The solution to driving your business forward.

Are you still using Credit Score to assess risk? Move beyond legacy methods of assessing risk with proven insurance solutions...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 34: Insuring Cannabis is Impossible Without Surplus Lines, so a Hardening Market is a Thing to Watch

It may not come as much of a surprise to those who know about insurance and cannabis that the...
 
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EP.24: Are Public, Private Partnerships the Answer to Cybersecurity's Risk Management Problem?

The Biden Administration is increasingly prioritizing growing ransomware threats as a risk...
 
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